Choose one of the following topics and write a critical essay, with the word limit of 800±100, excluding references.

Academic integrity:

In order to ensure the academic integrity of your submission and to deter others from copying your work, your submission will be processed through a text-matching software

Turnitin will provide a similarity report of your submission against a large database of academic and professional documents.

If your submission's similarity report is under 20%, your assignment will be considered as original.

If your submission' similarity report is between 20% and 45%, your submission will be considered as partially original. In this case you will be penalized proportionately.

If your submission's similarity report is above 45%, your assignment will be considered as plagiarized. In this case, you will receive a mark of zero and you will be referred to the academic disciplinary committee.

Topics

Explain how the Credit Risk Capital Requirements has changed from Basel Acord to Basel II and later to Basell III. Include a discussion on

the difference between standardized approach, the IRB approach and the advanced IRB approach.